At an auction whose conditions require bidders to register, the auctioneer accepts a bid from someone who has not registered. A registered bidder objects. What should happen?
Correct Answer
A) The unregistered bid should be disregarded and bidding resumed from the last valid bid.
Standard auction conditions require bidder registration before participating. An unregistered bid is typically invalid and should be withdrawn, potentially requiring the auctioneer to restart the bidding from the last valid registered bid to maintain auction integrity.
Why This Is the Correct Answer
Where registration is required, a bid from an unregistered person is not a valid bid. The auctioneer should disregard it and continue from the last bid made by a registered bidder.
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